Continuation
These are including:
-
home financing
-
personal financing
-
mutual funds
-
business financing
-
and investment services.
Moreover, five different issuers have tapped the sukuk market
in various jurisdictions.
They have issued sukuk worth USD 1.1 billion, of which USD
500 million by GE Capital.
Islamic finance has grown differently in the US than in other parts
of the world.
It was largely driven by domestic demand.
From the research paper of
European Central Bank
(Authors: F.Mauro, P.Caristi, S.Couderc, A.D.Maria, L.Ho,
B.K.Grewal, S.Masciantonio, S. Ongena and S.Zaher)
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